Flex Office and Warehouse
For Sale
$550,000
Pending
2610 And 2612 Artie St Sw, Huntsville, AL 35805
Tenant-occupied flex space with shared offices and a 2,000 SF warehouse for warehouse-supporting office use.
Property Size2,000 SF
Days on Market758
Property Features for 2610 And 2612 Artie St Sw
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Business Opportunity
Listing Agency:
Keller Williams Realty
(256) 652-6300
Listed By:
Cooper Schrimsher
(256) 652-6300
Source:
Exprealty
Added: Jul 15, 2024
Changed: Jul 10
Last Checked: Aug 10 at 10:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This flex property includes Hub Zone office space along with shared common areas. The offering features a shared conference room, shared restrooms, and a shared break room. Also included is a 2,000 SF warehouse component designed to support operations needing both office and storage in the same facility.
The property is configured as two units at 2610 and 2612 Artie St SW, with shared parking available for occupants and visitors. The listing notes that the space is currently tenant occupied, and the agent is related to the seller.
For businesses looking for a combined office and warehouse setup, this layout can support day-to-day administrative needs alongside in-house storage or light distribution. The shared office amenities may appeal to tenants who prefer conferencing and break area access without building out a fully private amenity suite. As a for-sale offering, it may also be considered by buyers seeking an owner-operator scenario or investors evaluating a currently occupied flex arrangement.
The property is configured as two units at 2610 and 2612 Artie St SW, with shared parking available for occupants and visitors. The listing notes that the space is currently tenant occupied, and the agent is related to the seller.
For businesses looking for a combined office and warehouse setup, this layout can support day-to-day administrative needs alongside in-house storage or light distribution. The shared office amenities may appeal to tenants who prefer conferencing and break area access without building out a fully private amenity suite. As a for-sale offering, it may also be considered by buyers seeking an owner-operator scenario or investors evaluating a currently occupied flex arrangement.
Key Highlights
- Tenant‑occupied flex space with shared offices and a 2,000 SF warehouse for warehouse‑supporting office use
- Shared conference room, restrooms, and break room
- Includes shared parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,020
$511.0K
Cap Rate 7%
$365,014
$365.0K
Cap Rate 9%
$283,900
$283.9K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.1K $20.04/SF
− Vacancy
−$6.0K −$3.01/SF
EGI
$34.1K $17.03/SF
− OpEx
−$8.5K −$4.26/SF
NOI
$25.6K $12.78/SF
Area
Huntsville, AL
Vacancy
15.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$511,020
Cap Rate 7%
$365,014
Cap Rate 9%
$283,900
Alternative Uses
Best Use
Office B
$365.0K
$319.4K – $425.9K
NOI $25,551 @ 7.0% cap · market cap 4.65%
Second Best
Flex RnD
$307.5K
$269.1K – $358.8K
NOI $21,528 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 35805, AL
23,189
Population
10,618
Households
2.2
Avg Household Size
31
Median Age
18%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
2,521
Density / Sq Mi
$31,247
Median Household Income
$26,824
Median Earnings
$800
Median Rent
$108,200
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Tenant-occupied flex space with shared offices and a 2,000 SF warehouse for warehouse-supporting office use.
Where is this flex space located?
The property is located at 2610 And 2612 Artie St Sw Huntsville, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Tenant‑occupied flex space with shared offices and a 2,000 SF warehouse for warehouse‑supporting office use; Shared conference room, restrooms, and break room; Includes shared parking
